NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: LINK Price Climbs Following Chainlink's Deal With US Commerce Department, Eyes $30
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: LINK Price Climbs Following Chainlink's Deal With US Commerce Department, Eyes $30

Polygon Bulls In Control, According To This Indicator As Bitcoin Continues In A Range

jamesobande
jamesobande
1 year ago
3 mins read
Polygon

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

  • MATIC’s price remains strong despite price facing rejection from a high of $0.8 as the price holds above the key support area. 
  • MATIC breaks out of a descending triangle as the price looks strong despite Bitcoin (BTC) dragging market prices down. 
  • The price of MATIC trades above key support of $0.77 as the price continues to trade above 50 and 200 Exponential Moving Averages (EMA) on the daily timeframe. 

Polygon (MATIC) price has held strong above the key support area after breaking out of its descending triangle and assuming a bullish price movement against tether (USDT) as BTC price remains in its range, dragging most crypto assets down. The crypto market has not had the Uptober that many expected, as the market has continued to range despite showing some great signs of rallying in the early part of the month. Except for a few exceptional coins, such as Polygon (MATIC), Bitcoin (BTC), Ethereum (ETH), and other crypto assets have remained dormant. (Data from Binance)

Related Reading

TRON

Tron Development Activity Grows In The Last 7 Days – Except TRX Price

2 years ago

Polygon (MATIC) Price Analysis On The Weekly Chart

Most projects have fared poorly in the bear market, with many experiencing more than 50% price declines, discouraging most traders and investors from stockpiling these assets.

With Bitcoin’s dominance (BTC.D) rising and the price of BTC moving in a range, this has affected most crypto projects, including the price of MATIC, as the price has shown less aggression after breaking out from its descending triangle. With BTC.D trying to resume its rally above the 43% mark, this would mean altcoins will be hurt when BTC declines in price and prevent other coins like MATIC from rallying. 

After rallying to $1, the price of MATIC faced resistance to trend higher to $1.5 as the price struggled to break above the resistance at $1 despite rallying from a weekly low of $0.3.

The price of MATIC retraced to a region of $0.77, where the price formed strong support to rally to a high of $1 as bulls still take control of the price; if the price of MATIC holds above 0.77 support, we could see more rallies from MATIC.

Weekly resistance for the price of MATIC – $1.

Weekly support for the price of MATIC – $0.77.

Price Analysis Of MATIC On The Daily (1D) Chart

Polygon
Daily MATIC Price Chart | Source: MATICUSDT On Tradingview.com

The daily timeframe for the price of MATIC has shown resilience as the price continues to hold and maintain bullish strength after a successful breakout from a descending triangle. 

MATIC’s price failed to break above $1, but it has shown strength, holding above its key support as this would be the basis for more rallies. 

If MATIC’s price breaks below $0.77, we could see bears taking over the price of MATIC.

Daily resistance for the MATIC price – $1.

Daily support for the MATIC price – $0.77-$0.7.

Related Reading

Bitcoin price Crypto Quant Data Hints An Imminent Bitcoin Price Rally, Will It Be Strong?

Why The Bitcoin Price May Be Ready To Return To $20,000

1 year ago
Featured Image From CPO Magazine, Charts From Tradingview 
Tweet123Share196ShareSend
jamesobande
jamesobande

jamesobande

James is a blockchain writer and technical Analyst with more than five years of experience in the crypto space.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Ethereum vs. Bitcoin: ETH/BTC Ratio Climbs to Yearly Peak Amid Market Shift

Bitcoin, Ethereum Open Interest Are Sitting Close To ATH Levels, What Happened Last Time?

Over the last few weeks, both Bitcoin and Ethereum have seen an interesting wave of price action with high volatility....

Scott Matherson 2 hours ago
Cardano, ADA, Charles Hoskinson

Cardano (ADA) Redemption Controversy Over? Hoskinson Shares IOG Audit Results

Following the controversial accusations, the results of the third-party forensic review of the Cardano (ADA) voucher redemption program have been...

Rubmar Garcia 4 hours ago
ONDO

ONDO Price Skyrockets As Over 100 Tokenized Assets And ETFs Are Set For Ethereum Debut

Ondo Finance, a Layer 1 (L1) blockchain protocol, has recently announced the launch of Ondo Global Markets, designed to enable...

Ronaldo Marquez 6 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

迷因新秀 TOKEN6900 首日飆漲 120% 市場憧憬 SPX6900 千倍傳奇再現

estherw 50 minutes ago
eth-detenus-dans-10-adresses-qui-derriere

60 % d’Ethereum concentré dans 10 adresses : qui se cache derrière ?

guillaumev 1 hour ago
mystery box elektronika

Jak funguje mystery box elektronika a kde koupit?

Lenka Hanzlíková 2 hours ago

Premium Sponsors

Press Releases

  • Zo 750 $ na 1 500 000 $: v roku 2021 Shiba Inu, v roku 2023 Pepe Coin – ktorý „penny“ token bude ďalší?

    Zo 750 $ na 1 500 000 $: v roku 2021 Shiba Inu, v roku 2023...

    13 hours ago
  • イーサリアム...

    13 hours ago
  • ビットコイン...

    13 hours ago
  • 750 dollárból 1 500 000 dollár: 2021-ben Shiba Inu...

    13 hours ago
  • Zamjena 750 USD u 1.500.000 USD: u 2021. to je bio Shiba Inu, u 2023. Pepe Coin, koji je sljedeći token s potencijalom?

    Zamjena 750 USD u 1.500.000 USD: u 2021. to je bio Shiba...

    13 hours ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.